Haguruka Ukore /rbv Group

Fréderic belongs to the Haguruka Ukore/Rbv. Group. The group’s name means “get up and work.” He is 30 years old. He is married, with three children, ranging between six months and five years of age. His educational level is four years of primary school.

Fréderic is a rice farmer. This is his third loan cycle with ACB. He is going to use his loan to buy seeds, 300 kgs [660 lbs] of chemical fertilizers and pay the cost of labor. In order to expand his business, he plans to buy other fields and increase the volume of rice production. In the years to come, he would like to become a major [rice] producer in the region. He plans to use his revenues to pay the education costs for his children and provide for his family’s well-being.

Additional Information

About Amasezerano Community Banking, S.A.

Amasezerano Community Banking, S.A., is a for-profit microfinance institution founded in 2005 by the Rwandan NGO African Evangelist Enterprises-Rwanda and 61 individual shareholders, and has been a Kiva partner since June 2010. The mission of Amasezerano Community Bank (ACB) is to have a holistic, positive impact on the lives of poor people by providing quality financial services. ACB’s client base is composed primarily of farmers, small-business owners, women entrepreneurs and low-wage private-sector salaried workers. Credit offerings are tailored to meet client needs, and include group solidarity loans, agricultural loans, loans for women entrepreneurs, small-business loans, and loans for salaried workers. ACB also offers mobile money transfers, currency exchange and life insurance services to its borrowers.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.